The New Bull Market? S&P Up 22% Off Its Lows

Stocks soared today, and though they trailed off a little in the final half an hour, the S&P 500 is now about 22% above its intraday low of 741 set all the way back on… November 22. If you use a very nerrow definition of bull market — some will say it’s a rally of 20% or more — then we’re there and then some. If you’re not convinced this is a bull market, feel free to use the media’s preferred term a “Santa Claus Rally” but we have no idea if that has any real definition, except that it probably has to occur some time between Thanksgiving and Christmas.

Big winners today: Anything having to do with infrastructure and heavy industry, including cars. The financial also did very well, as most of the major banks had percentage gains in the double digits.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.

Tagged In

clusterstock-us